If you’re debating whether you want to sell righ now, it might be that you have some unanswered questions. Here is some information that can help.
1. Is It Even a Good Idea To Move Right Now?
If you own a home already, you may be tempted to wait because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of how much your house has likely grown in value.
Think about it. Do you know a neighbor who’s sold their house recently? If so, did you hear what it sold for? With how much home values have gone up in recent years, the number may surprise you.
According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):
“the typical homeowner has gained $147,000 in housing wealth in the last five years alone.”
That’s significant – and when you sell, that increase in value can give you what you what you need to fund your next move.
2. Will I Be Able To Find a Home I Like?
If this is on your mind, it’s probably because you remember just how hard it was to find a home over the past few years. But in today’s market, it isn’t as challenging.
Data from Realtor.com shows how much inventory has increased – it’s up nearly 28% compared to last year (see graph).
Even though inventory is still below normal, it’s improved a lot in the past year. And the best part is, experts say
it’ll grow another 10-15% in 2025. That means you have more options for your move — and the greatest chance in years to find a home you love..
read more…Click here to download the complete Home Sellers Guide Spring 2025
